Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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@nav21 and others: New here too and have today bought much the same as you, nav21. Thanks to you all for quality posts. Although we've had some retracements, I look out for companies where the chart shows a staircase-like progression. Fundamentals are looking encouraging. I have contacts in Ghana and have respect for the probity of the government there, which is crucial given the notoriety of some African administrations. Lithium concentrates compare very favourably with the large European spodumene deposits at Cinovec (EMH and ZNWD). In inflationary times, I like the idea of a gold hedge. Management looks competent and Piedmont are no fools. Balanced risk assessment makes purchases at sub-19 pence look sensible. GLA.
Yep Swest. Only point is that we're not in a position to sell that commodity yet and an uncertain market doesn't feel like speculating right now what might happen in a couple of years time.
These prices should have been consigned to the history books. The fact they'reback is a true gift as ShearClass points out.
Yesterday's fantastic news regarding the progress with the malaria vaccine was completely lost but it is hugely significant for companies operating in West Africa, like IronRidge. It allows them to protect their workforces further and is generally a gamechanger for those doing the hard work on the ground.
https://news.sky.com/story/first-malaria-vaccine-could-be-rolled-out-to-billions-as-world-health-organisation-experts-give-approval-12427378
I'm pleasantly surprised about the listimg on the USOTC. Piedmont are clearly going to introduce IRR to the right circles and I'd suggest the appetite for this listing has manifested since our tie up with the firm. I've also seen the effect being listed on one of those markets can have on a company with a viable proposition and i expect it to signal a change in the mechanics of the IRR share price. The float will be under pressure from both sides of the Atlantic and well, with some beefy news items to come (one would think), it could be just what IronRidge needs.
Hi Guys, New here...thank you for all the info on the board here.
this is the sp which was on the day when Piedmont did a JV with IRR...so on Aug 31st the sp was 18.30....there is a very strong support at that sp...hopefully this slide should stop there.and we should see a strong bounce off from here itself...
Just bought in about 80k shares- hopefully much more in the very near future.
Do we have a commod wit a rising price and immense demand ? sorry just checking. like a parallel universe here
Explains the new broker which kills the ridiculous unneeded placing rumours.
Well that all sounds very positive Troajan.
I noted yesterday whilst scrambling for understands that the new Brokers Canaccord took on Eric Tao as MD of Banking in China with the aim of 'strengthening' their Mining and Metals arm. So hopefully this along with the OTCQX development will significantly increase exposure in BOTH China & US.
We're getting less than zero traction on LSE!
It made me wonder whether a US based investor has been involved in holding the share price since the Piedmont deal...reason being that they couldn't invest without an OTC listing...
"Piedmont commits a further £720,000 (c. US$1m) and increases stake to 9.91% via placing of a further 2.88m shares at 25p"
At right now you can buy at 18.6p, a full 25% less than Piedmont paid. Madness.
It just proves that 99% of potential retail investors don't revisit an RNS release unless price action attracts them.
We're not getting full traction / exposure here, so seems to me this can only be good
at least part explanation of yesterdays bizarre trading.
I'll be interested to read peoples thoughts today
Certainly very positive move and explain the heavy trading yesterday.....onwards and upwards.
This can only be good news
Acker
Since we are connected.....
A8G-EDM-Banner
Australasian Gold (ASX:A8G) partners with the CSIRO to explore the companies Mt Peake Lithium field
Highlights
Australasian Gold (A8G) has joined the CSIRO kick-start program, with work centring on the Lithium exploration program being conducted at the company’s Mt Peake pegmatite field.
The program employs cutting edge Lithium exploration techniques developed by the CSIRO and will be co-funded by CSIRO and Australasian Gold and will commence immediately
Field mapping work has already begun and has identified several pegmatite outcrops over 350m along strike, with follow-up work ongoing
Major lithological units have been sampled and their spectral signatures will be examined and assayed to support the remote sensing interpretation conducted by the CSIRO
Read the Full ASX Release here
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Australasian Gold (ASX:A8G) has revealed it has applied for and been admitted to the CSIRO’s Kick-Start research program.
The CSIRO and A8G will jointly fund an exploration program on A8G’s Mt Peake Pegmatite field, using state of the art optical, thermal and geophysical remote sensing data analysis and interpretation work. The work will also feature some instrumental equipment to identify potential key features of li-bearing pegmatites.
CSIRO has previously researched the Greenbushes and Pilgangoora lithium mines in Western Australia and the Goulamina lithium project in Mali.This will complement the already on-going field exploration work being conducted at Mt Peake.
The recent field mapping work at Mt Peake has so far identified several major pegmatite outcrops in the northwest corner of the license which are characterised by coarse-to-medium grained, muscovite and tourmaline-rich white to grey pegmatite.
These pegmatites have similar lithology with the pegmatite of Core Lithium (ASX:CXO) Anningie lithium project. Reported grades from the Anningie project went as high as 4.63% Li20 in rock chip sampling.
Australasian Gold Managing Director Qingtao Zeng said: “We are delighted to be able to team up with the CSIRO to accelerate our lithium exploration program.
“CSIRO are true innovators with cutting-edge equipment and knowledge learned from previous lithium exploration research.
“We are very excited to put these techniques to the test at our Mt Peake Li pegmatite project and in return we will be assisting with the ongoing refinement of the CSIRO’s spectral sensing techniques used for future lithium exploration.
“CSIRO will be empowering us with the latest equipment capable of identifying most lithium bearing minerals in the field, and enables us to rapidly home in to the right area to explore. The recent field mapping work has identified several pegmatite outcrops with the CSIRO’s equipment we hope to be able to fast-track our efforts to identify the most prospective lithium bearing zones”.
Discover Australasian Gold he
Genuinelly dissapointed to be back down here. Not a criticism just a statement. One wonders what we have to do to realise value. Post PLL and sub 19, who'd have thought.
I mean, it's literally not being logged on my chart software......... Weird
Lol wondered how long it would take before Theworks and his cohorts came along to spout their words of wisdom to cheer us up..just surprised it took so long !
Why you keep meowing here people? If you think this is soooo undervalued then buy some shares to make it rise. Jesus!
The trading today is unfathomable. Since the sp dipped below 20p the big sells stopped and in fact very few trades at all. Today we have 2 what i would term neutral RNS' that have triggered relatively tons of trades and plenty of big sells. Somebody out there know something we don't or is it just impatience or the demerger uncertainty?
In a podcast a while back Vincent was dismayed the sp was trading around the 24p mark, so undervalued he said. Wonder what he is thinking now? Hope he has some news for us soon. Has to bounce off these ridiculously low levels right?
Refer Sayona's recent announcement Oct 4. Join the dots. IRR has USD26mill+ and fully funded now with PLL. They surely are not raising.
Get off this spiv aim vincent. At this rate the market cap will be its cash reserves. Farcical.
just a little bit. tough day out there in wider market today just to blur the issue further
Hmmm some manoeuvring going on at the mo !
personally I assumed the new broker would be for the demerge, as I don't see the need for a funding round
reading the posts, and dip, maybe I'm wrong.
we'll know soon enough.
Bozi hey,
Agree that on paper they seem like fully funded but with the potential demerger and IPO of the new business extra funds always needed ....I honestly can't see any reason for the SP to drop below the latest placing (20p...) unless of course some savvy investors knows something we don't.....all remains to be seen but if it drops further I will try and add few more with the longer term in mind....
ATB.
Max - it does for spivvy AIM companies who live from quarter to quarter on handouts from the market.
IRRs recent accounts shows the cash position and it is very healthy. That said, I'm not an insider and you can never say never in business if the right investors come along.
One thing that is indisputable is that Piedmont recently ponies up further cash at 25p. I'm sure that would be the lower limit for any further funds looking to enter the business.
I think Farq is on the money with this one. A demerger requires a new company and said new company is IPO'ing on a market from the off. That will likely include a fundraise and that company will need it's own broker.
There's plenty of dots and they're easily joined. What I'm at a loss to explain is why someone would dump 1m at sub 19p. I'll reserve judgement in case they know something i don't....
Why would they need more money now? The lithium project is fully funded to production and they have A$19.1m in the bank for the gold exploration.
The new broker relevant to the demerger?